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Value Added Tax, VAT Tax and VAT ~ Definition And What You Need To Know as a Taxpayer

Value added tax (VAT) is a tax on the estimated market value added to a product or material at each stage of its manufacture or distribution, ultimately passed on to the consumer.

Jim Trippon discusss the proposed Value added tax (VAT) by the Obama Administration ~ Speaker of the House, Nancy Pelosi.

President Barack Obama says that a new value-added tax on Americans is a possiblity. Obama said in an interview with CNBC, "I want to get a better picture of what our options are."

Many European countries impose a VAT, which taxes the value that is added at each stage of production of certain commodities. It could apply, for instance, to raw products delivered to a mill, the mill's production work and so on up the line to the retailer.

As a taxpayer what does a vat tax mean to you?
Will a value added tax make consumer product increase in price?
Will the VAT replace the income tax?

Find out as tax CPA Jim Trippon discuss these questions and many more about Value Added Tax, VAT Tax and VAT

Jim has also written a special report titled "How to protect yourself from Nancy Pelosi's plans to SkyRocket your income taxes. To get your FREE copy of this report visit: http://www.specialtaxreport.com

Call us today at 713-661-1040 and let us put our experience to work for you. Protecting your bottom line is our top priority!

 

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